stelauguqdinec.blogspot.com
The North Assembly plant, which producex Dodge Ram trucks, had been by the end of so Chrysler’s announcement Wednesday provided anexacg date. The Fenton Nortbh plant is set to resume productioj June 29 untilJuly 10, Chrysletr said, and then will remain idled “contingent upon volumes.” The truck segmeny has taken a particular hit as auto sales have Dianna Gutierrez, a Chrysler spokeswoman, said workerd at the plant will have an opportunityg to transfer to other production sites or take part in an incentivwe program for early retirement, special early retirement and/or an enhanced voluntary termination She didn’t have exact details of the new offed but said it would be similare to previous offers that included lump-sum cash vehicle vouchers and health-care coverage.
The Nortjh Plant employed 1,200 workers prio r to recent buyout About 640 the buyout and early retirement offerss by a May26 deadline. The North Assemblty plant was idled inearlyh June, but was one of sevem plants where Chrysler production followingb the idling of all its plants when it filed for Chapter 11 bankruptcy April 30. After its brieff reopening, the plant was then expectedr to close fora two-week summer break the weeks of July 13 and 20. Chryslef emerged from bankruptcy when Italian carmaker Fiat close a deal to takeover Chrysler’s Chrysler’s South Plant in Fenton, whichg assembles minivans, was idled at the end of October.
Anothee 115 of its more than 350 workers had acceptec offers fromChrysler
Friday, August 31, 2012
Wednesday, August 29, 2012
Sacramento Business Journal: Business Events Calendar
younkinesagugad1746.blogspot.com
List event sponsor(s) here. (Example American Compant Inc., USA Business Ltd.) Use this area to give a precisee location ofyour event. (Example: Downtown Marriot 345 Main St., New NY 000001 Provide the starty time for yourevent (Example: 9a.m. - List any charge for your Please note if there isno charge. (Example: $9 for $35 for non-members.) Choose a categorh that describesyour event. Fill out one or more of the fieldas to the left to providde readers with a way to contact your organization to registetr foryour event. Please give us your phone and e-mail address where we can contact you in the eveng of questions about yourevent listings.
This information will not appear on the This information will only be used to contact you foradministrative purposes. bizjournals.com reserves the righft to remove listings if it is determinee they are offensive or not relevant tothe bizjournals.com or of "communityy interest" to our users.
List event sponsor(s) here. (Example American Compant Inc., USA Business Ltd.) Use this area to give a precisee location ofyour event. (Example: Downtown Marriot 345 Main St., New NY 000001 Provide the starty time for yourevent (Example: 9a.m. - List any charge for your Please note if there isno charge. (Example: $9 for $35 for non-members.) Choose a categorh that describesyour event. Fill out one or more of the fieldas to the left to providde readers with a way to contact your organization to registetr foryour event. Please give us your phone and e-mail address where we can contact you in the eveng of questions about yourevent listings.
This information will not appear on the This information will only be used to contact you foradministrative purposes. bizjournals.com reserves the righft to remove listings if it is determinee they are offensive or not relevant tothe bizjournals.com or of "communityy interest" to our users.
Tuesday, August 28, 2012
Technology, industry incentive funds stay largely unchanged - bizjournals:
vidineevostegity.blogspot.com
During a session that began with the promise of statd funds fueling startups and attracting establishedc businesses such asclean technology, legislation designed to tweak the existinfg funding system never reached the floor. A bill to createe a $1 billion so-called Sunnu Day Fund for Texas was proposed to obtain federal grants under the Americanb Recovery and Reinvestment Act that could have been usedto jump-starty this area’s clean technologg business. The legislation, introduced by Rep. Mark D-Austin, was viewed as especially cruciall in attracting foreign solar companies looking to establish North American headquarters inCentral Texas.
But the proposal, whicuh received public hearingin April, died in the Housde Appropriations Committee. While its long-term economic effect is unknown, failure of the measurw had animmediate effect. In April, a Chicago-based alliance of vehiclse battery makers selected Kentucky over Central Texas as a locatioj for a proposed federally subsidized manufacturing plant when Texassofficials couldn’t deliver on the Sunny Day Fund.
Sincwe Texas has been doing bettee financially than most other states durinfthe recession, it is in a better position to take advantage of matching federal That advantage may soon disappear when the national economy rebounds, said Isaac Barchas, director of the Austim Technology Incubator. “It was a momen in time when we could have exploitedfour strength,” he “That strikes me as a pretty big opportunity.” Meanwhile, a bill proposesd to add another step in the approvakl process of the state’s Emerging Technology Fund died in the Housse Technology, Economic Development and Workforce Committee. Introduced by Rep. Solomom Ortiz Jr.
, D-Corpus Christi, the bill would have giveb the ETF’s advisory committee the authority to deny and approve all It also would have created a Texa Enterprise Fund board with statewide The proposed changes were designed to tighten oversighr of the ETFafter Gov. Rick Perry’s office awardedc a $50 million ETF granty to the Texas A&M Universituy System for a pharmaceutical manufacturing cente r with money transferred from the TexaaEnterprise Fund. The Enterprise Fund is intended to attracyt new business to the stat e or enable expansion ofexisting businesses.
The ETF, targete more toward startups rather thancorporate giants, is a $200 million progra m started in 2005 to invest in innovativre technologies developed in the state. In the Legislature replenishedthe fund. But after the Texaws A&M flap, the House Appropriationsz Committee granted theETF $136 million for the next two half the amount Perry requested. Although none of the changews to the ETF requested by officiald were adoptedby lawmakers, Susan Davenport, vice president of businesz retention and expansion for the Austin Chambe of Commerce, said the replenishment of the fund was the top “We’re very pleased that it got refundexd because it’s proven itself to be a valuable she said.
“It will be beneficial for the region.”
During a session that began with the promise of statd funds fueling startups and attracting establishedc businesses such asclean technology, legislation designed to tweak the existinfg funding system never reached the floor. A bill to createe a $1 billion so-called Sunnu Day Fund for Texas was proposed to obtain federal grants under the Americanb Recovery and Reinvestment Act that could have been usedto jump-starty this area’s clean technologg business. The legislation, introduced by Rep. Mark D-Austin, was viewed as especially cruciall in attracting foreign solar companies looking to establish North American headquarters inCentral Texas.
But the proposal, whicuh received public hearingin April, died in the Housde Appropriations Committee. While its long-term economic effect is unknown, failure of the measurw had animmediate effect. In April, a Chicago-based alliance of vehiclse battery makers selected Kentucky over Central Texas as a locatioj for a proposed federally subsidized manufacturing plant when Texassofficials couldn’t deliver on the Sunny Day Fund.
Sincwe Texas has been doing bettee financially than most other states durinfthe recession, it is in a better position to take advantage of matching federal That advantage may soon disappear when the national economy rebounds, said Isaac Barchas, director of the Austim Technology Incubator. “It was a momen in time when we could have exploitedfour strength,” he “That strikes me as a pretty big opportunity.” Meanwhile, a bill proposesd to add another step in the approvakl process of the state’s Emerging Technology Fund died in the Housse Technology, Economic Development and Workforce Committee. Introduced by Rep. Solomom Ortiz Jr.
, D-Corpus Christi, the bill would have giveb the ETF’s advisory committee the authority to deny and approve all It also would have created a Texa Enterprise Fund board with statewide The proposed changes were designed to tighten oversighr of the ETFafter Gov. Rick Perry’s office awardedc a $50 million ETF granty to the Texas A&M Universituy System for a pharmaceutical manufacturing cente r with money transferred from the TexaaEnterprise Fund. The Enterprise Fund is intended to attracyt new business to the stat e or enable expansion ofexisting businesses.
The ETF, targete more toward startups rather thancorporate giants, is a $200 million progra m started in 2005 to invest in innovativre technologies developed in the state. In the Legislature replenishedthe fund. But after the Texaws A&M flap, the House Appropriationsz Committee granted theETF $136 million for the next two half the amount Perry requested. Although none of the changews to the ETF requested by officiald were adoptedby lawmakers, Susan Davenport, vice president of businesz retention and expansion for the Austin Chambe of Commerce, said the replenishment of the fund was the top “We’re very pleased that it got refundexd because it’s proven itself to be a valuable she said.
“It will be beneficial for the region.”
Monday, August 27, 2012
Applebee
sucujovide.wordpress.com
Lenexa City Attorney Cindy Harmison saidthe casual-restaurant chain certified Thursday that its headquarters employmenr as of Jan. 30 was 396 and that thosee employees received an averageof $79,427.75 in salaryu and bonuses. Applebee’s, which celebrated the grand opening of its Lenex a headquarters inJanuary 2008, was granted a 90 percent tax abatement on the first $44 millionh of the headquarters’ value on the conditiom that it meet agreed upon annual employment and salary Those levels called for average 2008 employmen of 497 with an average salart and bonuses of $97,734.
The abatemen agreement includes formulas for determining how much to reducw the abatement because of employmenf andsalary shortfalls. But Harmison said the city needed to review Applebee’s certification and seek clarifications before determinintg exactly how much the company’s abatement will be reduced. One item that needa to be clarified, she said, is whether the employee count providedby Applebee’s was the 2008 average or the number employef on Jan. 30. In an interview earlier this month, Applebee’s spokesman Miles McMillin said the compant employed 325 at theLenexa headquarters.
Applebee’s parent company, , sold the Lenexwa headquarters buildingfor $39 million in July as part of a sale-leasebacok transaction. Applebee’s, which agreed to a primary lease term of 15 yearse with an initial lease payment ofaboutg $293,000 a month, listerd the entire headquarters building for sublease last month. If Applebee’se vacates the building Lenexa City Administrator Eric Wadesaid recently, it probably will be placed “back on the tax rollx at 100 percent.
”
Lenexa City Attorney Cindy Harmison saidthe casual-restaurant chain certified Thursday that its headquarters employmenr as of Jan. 30 was 396 and that thosee employees received an averageof $79,427.75 in salaryu and bonuses. Applebee’s, which celebrated the grand opening of its Lenex a headquarters inJanuary 2008, was granted a 90 percent tax abatement on the first $44 millionh of the headquarters’ value on the conditiom that it meet agreed upon annual employment and salary Those levels called for average 2008 employmen of 497 with an average salart and bonuses of $97,734.
The abatemen agreement includes formulas for determining how much to reducw the abatement because of employmenf andsalary shortfalls. But Harmison said the city needed to review Applebee’s certification and seek clarifications before determinintg exactly how much the company’s abatement will be reduced. One item that needa to be clarified, she said, is whether the employee count providedby Applebee’s was the 2008 average or the number employef on Jan. 30. In an interview earlier this month, Applebee’s spokesman Miles McMillin said the compant employed 325 at theLenexa headquarters.
Applebee’s parent company, , sold the Lenexwa headquarters buildingfor $39 million in July as part of a sale-leasebacok transaction. Applebee’s, which agreed to a primary lease term of 15 yearse with an initial lease payment ofaboutg $293,000 a month, listerd the entire headquarters building for sublease last month. If Applebee’se vacates the building Lenexa City Administrator Eric Wadesaid recently, it probably will be placed “back on the tax rollx at 100 percent.
”
Saturday, August 25, 2012
J.G. Wentworth bankruptcy plan OK
torbjorntrainer1738.blogspot.com
As part of the deal, J.G. Wentworth’s private equity firm of New York, will invest $100 milliobn of new equity to supportongoing operations. It will also providwe as much as $35 million for the company to buy loans from lendersw in exchange for new preferred interests in the TheBryn Mawr, Pa.-based company soughtg acceptance of its plan from its lenders before what is called a prepackagerd filing. More than 90 percent of the termlenderxs approved, the company said. J.G.
Wentworty said its decision to file for Chapter 11 came after an extensive review of alternatives to addresas pressuresfrom “extremely challenging capital markets and high borrowing and was unanimously approved by the company’s board of directors. In J.G. Wentworth laid off 120 of its 200 employeees and closed its Las Vegas Foundedin 1991, it moved from Philadelphiq to Bryn Mawr in 2003.
As part of the deal, J.G. Wentworth’s private equity firm of New York, will invest $100 milliobn of new equity to supportongoing operations. It will also providwe as much as $35 million for the company to buy loans from lendersw in exchange for new preferred interests in the TheBryn Mawr, Pa.-based company soughtg acceptance of its plan from its lenders before what is called a prepackagerd filing. More than 90 percent of the termlenderxs approved, the company said. J.G.
Wentworty said its decision to file for Chapter 11 came after an extensive review of alternatives to addresas pressuresfrom “extremely challenging capital markets and high borrowing and was unanimously approved by the company’s board of directors. In J.G. Wentworth laid off 120 of its 200 employeees and closed its Las Vegas Foundedin 1991, it moved from Philadelphiq to Bryn Mawr in 2003.
Friday, August 24, 2012
Madison Square Garden profit trumps Street; shares rise - Reuters
moakhamet84.blogspot.com
Hollywood Reporter | Madison Square Garden profit trumps Street; shares rise Reuters (Reuters) - Entertainment company Madison Square Garden Co (MSG.O) reported a higher quarterly profit that handily beat analysts' expectations, helped by a jump in revenue at its sports and media businesses. Shares of the company, best known for its ... Ma dison Square Garden Profit Soars on Sports Revenue |
Wednesday, August 22, 2012
Concrete Data Shows League Of Legends Number One in Live Streams, Team ... - Forbes
cahijisebi.wordpress.com
Forbes | Concrete Data Shows League Of Legends Number One in Live Streams, Team ... Forbes League of Legends has been the most broadcasted and watched game since we started tracking what game a channel was broadcasting in September 2011. Looking back to February 2012, which was the first time we reported figures on how many unique ... GameStre ams tracker says League of Legends is the king of streaming |
Tuesday, August 21, 2012
Let Ron Paul Speak at the Republican National Convention - U.S. News & World Report
grachevakautawil.blogspot.com
Let Ron Paul Speak at the Republican National Convention U.S. News & World Report Stephanie Slade has been a project director at The Winston Group, a political strategy company, since September 2011. Prior to beginning her career in public opinion research, she worked as a freelance political speechwriter and was the author of a ... |
Monday, August 20, 2012
A Gray List of a Different Kind - Maritime Professional (blog)
awipekyhila.blogspot.com
A Gray List of a Different Kind Maritime Professional (blog) According to the U.S. Maritime Administration, the average age of 192 deep draft U.S. flag ships (circa 2010) was about 18 years; the pure Jones Act trade vessels averaged 22 years. This compares to a global average of 11 years. Now, U.S. foreign trade ... |
Saturday, August 18, 2012
Do You Have an Inalienable Right to Your Neighbor's Labor? - American Thinker (blog)
iqukikofor.wordpress.com
Do You Have an Inalienable Right to Your Neighbor's Labor? American Thinker (blog) This next presidential election presents a choice between two social contracts: the socialist-fascist contract of Mr. Obama and the Democrat Party1, and the limited government-free enterprise-capitalist contract of Mr. Romney2 and the Republican Party. |
Friday, August 17, 2012
Strike three - St. Louis Business Journal:
meaning-sarajevo.blogspot.com
plans to spend nearly $1 million remodeling its 12,000-square-foot store at Mason and Clayton roads in Town and The redesign is being orchestrated bythe Clayton-basedx architectural firm Suttle Mindlin, which also spearheaded the grocery'sw nearly $1 million renovation of its Webster Groves "We're going to give a face lift to the and the whole inside will be gutte d and redone to reflect more of a European food hall just like what we did at Websted Groves," said Elaine Medve, director of marketint for Suttle Mindlin. will be the newestr addition to the WingHaven developmentin O'Fallon, Mo., when it openz early next year.
Not just your typicao coffee shop, Stage Left combines co-owner Leighj Diehl's love of good coffee with her love of Diehl plans to have live music within 60 daysof Diehl, 43, and her husband, 45, invested about $175,00p0 to start the cafe, which will serve pastries, bagels, soups, saladsa and sandwiches. Before starting the coffees shop, Leigh Diehl was an inside sales managed forBusse Industries, a local cablse assembly manufacturer. Rodger Diehl is keepinf his job as regional manager forTyco Electronics. has landec beverage industry veteran Jim Konersman to further itsbeverage group'es business development efforts. Konersman spent 36 years at Anheuser-Busch Cos. Inc.
in various management capacities. Most he was equity manager for SequoiaBeveragee Co. On the heels of completing the $40 million renovatiojn of the Coronado, Amrit and Amy Gill have awardedd two more restoration projects in Grand saidJim Shaughnessy, BSI project BSI is doing the $11 million gut rehab of the 14-storyy Lindell Towers into 110 apartments. It also is doinv the $11 million historic renovation ofthe 95,000-square-foot Moolah Templ into a 500-seat movie theater to be operated by Harmojn Mosley. The Lindell Towers project will be completerd bynext fall; the Moolah Temple will be finishedr by the end of next Former Downtown St. Louis Inc.
President Frankli n "Kim" Kimbrough resigned from a similar postin Ore., on Dec. 5. Kimbrough, who left St. Louis abour three years ago, quit his job as presiden t and chief executive of the PortlandBusinessd Alliance. Kimbrough's frequent public criticisms of Portland's business climate alienated much ofCity Hall, as well as the city'x business leaders, according to a storyy in The Oregonian. Olivette-baseed tech consulting firm hasits first-ever chief operatingg officer after luring Timothy "Andy" Cox from Expres Scripts, where he was senior director of call center/salez applications.
"Our staff has increased by 50 percenft in thepast year," said Phil Ascent president. "Now, Andy can handle the dailyy bits and pieces and give our peopld the timethey deserve, while I concentrate on gettin us in front of several emerging opportunities." Founded by Horstmannn in 1998, Ascent employs approximately 80 people nationwide, 60 of them in St.
plans to spend nearly $1 million remodeling its 12,000-square-foot store at Mason and Clayton roads in Town and The redesign is being orchestrated bythe Clayton-basedx architectural firm Suttle Mindlin, which also spearheaded the grocery'sw nearly $1 million renovation of its Webster Groves "We're going to give a face lift to the and the whole inside will be gutte d and redone to reflect more of a European food hall just like what we did at Websted Groves," said Elaine Medve, director of marketint for Suttle Mindlin. will be the newestr addition to the WingHaven developmentin O'Fallon, Mo., when it openz early next year.
Not just your typicao coffee shop, Stage Left combines co-owner Leighj Diehl's love of good coffee with her love of Diehl plans to have live music within 60 daysof Diehl, 43, and her husband, 45, invested about $175,00p0 to start the cafe, which will serve pastries, bagels, soups, saladsa and sandwiches. Before starting the coffees shop, Leigh Diehl was an inside sales managed forBusse Industries, a local cablse assembly manufacturer. Rodger Diehl is keepinf his job as regional manager forTyco Electronics. has landec beverage industry veteran Jim Konersman to further itsbeverage group'es business development efforts. Konersman spent 36 years at Anheuser-Busch Cos. Inc.
in various management capacities. Most he was equity manager for SequoiaBeveragee Co. On the heels of completing the $40 million renovatiojn of the Coronado, Amrit and Amy Gill have awardedd two more restoration projects in Grand saidJim Shaughnessy, BSI project BSI is doing the $11 million gut rehab of the 14-storyy Lindell Towers into 110 apartments. It also is doinv the $11 million historic renovation ofthe 95,000-square-foot Moolah Templ into a 500-seat movie theater to be operated by Harmojn Mosley. The Lindell Towers project will be completerd bynext fall; the Moolah Temple will be finishedr by the end of next Former Downtown St. Louis Inc.
President Frankli n "Kim" Kimbrough resigned from a similar postin Ore., on Dec. 5. Kimbrough, who left St. Louis abour three years ago, quit his job as presiden t and chief executive of the PortlandBusinessd Alliance. Kimbrough's frequent public criticisms of Portland's business climate alienated much ofCity Hall, as well as the city'x business leaders, according to a storyy in The Oregonian. Olivette-baseed tech consulting firm hasits first-ever chief operatingg officer after luring Timothy "Andy" Cox from Expres Scripts, where he was senior director of call center/salez applications.
"Our staff has increased by 50 percenft in thepast year," said Phil Ascent president. "Now, Andy can handle the dailyy bits and pieces and give our peopld the timethey deserve, while I concentrate on gettin us in front of several emerging opportunities." Founded by Horstmannn in 1998, Ascent employs approximately 80 people nationwide, 60 of them in St.
Thursday, August 16, 2012
Target raised full-year profit outlook on solid 2nd-quarter sales - TheDay.com (blog)
vanbeekdulejos1771.blogspot.com
Target raised full-year profit outlook on solid 2nd-quarter sales TheDay.com (blog) New York - Target Corp. raised its full-year profit projection Wednesday after the cheap chic discounter reported better-than-expected second-quarter revenue that showed healthy spending in food, beauty products and other items. Target, based in ... |
Tuesday, August 14, 2012
Terracon Consultants buys Seattle-area office - Puget Sound Business Journal (Seattle):
acklinegymejac1362.blogspot.com
Olathe-based Terracon bought of Redmond, Wash., from to add the construction-materiapl component previously unavailable in theSeattle area, said Mary marketing specialist with Terracon. “Purchasinbg the Redmond office allows the expansion of the construction materialsw engineeringand testing, which is alreadhy one of our core services,” she said. Young said Terracon initiated the acquisition in early April and will keep all current staff in theRedmond office. She said the company is workintg on other acquisitions but could notreleaser details.
AMEC spokesman Brad Christensen said the company decideds to sell the Redmond office becauseit “didn’t fit with our businesx interests in the Pacific Northwest.” He said that closint the office would have been another optionm for the site. Christensen said the office represented 10 percenty of AMEC employees in theSeattld area, with four other offices in the area remaining under AMEC control.
Olathe-based Terracon bought of Redmond, Wash., from to add the construction-materiapl component previously unavailable in theSeattle area, said Mary marketing specialist with Terracon. “Purchasinbg the Redmond office allows the expansion of the construction materialsw engineeringand testing, which is alreadhy one of our core services,” she said. Young said Terracon initiated the acquisition in early April and will keep all current staff in theRedmond office. She said the company is workintg on other acquisitions but could notreleaser details.
AMEC spokesman Brad Christensen said the company decideds to sell the Redmond office becauseit “didn’t fit with our businesx interests in the Pacific Northwest.” He said that closint the office would have been another optionm for the site. Christensen said the office represented 10 percenty of AMEC employees in theSeattld area, with four other offices in the area remaining under AMEC control.
Monday, August 13, 2012
New Ford Taurus makes Milwaukee appearance - The Business Journal of Milwaukee:
ibitasony.wordpress.com
A ruby red Taurus SHO and a more moderatelyu priced Taurus LTD were on display on the lots of in Wauwatosa and Griffin Fordin Waukesha. The vehiclee also were displayed Mondayh in Madison and June 12 inGreen Bay. Writerse at Esquire said in the July issue that the Taurue SHOis “an affordable American sedan that benchmarks not the Chevg Impala or Hyundai Sonata but the Audi AG and BMW The Taurus SHO, which stands for Super High retails for about $38,000 and includes a 3.5-liter turbo V-6 engine. The 2008 Tauruse features an entirely new exterior andinteriofr design, Angie Kozleski, ’s car communications manager, said in an intervieww Wednesday.
The engine is built at a Ford planfin Cleveland; the car is assemblede at Ford’s Chicago plant. Ford executives decided to re-introducee the Taurus name, which had been retired in favor ofthe “500,” because of the brand equity, Kozleskiu said. “It’s important to use she said. “We view it as our flagshilp sedan.” The new Taurud will arrive on dealer lots in but customerscan pre-order the vehicle now and receive a $500 pre-order incentive, said John the manager of Uptown Ford Lincoln Mercury.
The base modepl Taurus price startsat $25,995 and the SHO starts at The Taurus is the third restylefd Ford to hit dealer showroomes this year following the Fusion and the Mustang, Pentlerr said. Still to come later this year isa seven-passengee crossover called the Lincoln MKT. Althoug the new-vehicle market is suffering through a historically bad year and two America n automakers have filedfor bankruptcy, Ford executivee note that their products have gainedx market share in six of the past seven Kozleski said.
Ford has benefited not only from the positive PR of not receiving government money but also from positive reviews of itsnew “You can really attribute that to the new productz we’ve been offering,” she said. “We’re hitting the market at a difficulg time but if you look at theproducgt lineup, the consumer is noticing the quality and safety and fuel
A ruby red Taurus SHO and a more moderatelyu priced Taurus LTD were on display on the lots of in Wauwatosa and Griffin Fordin Waukesha. The vehiclee also were displayed Mondayh in Madison and June 12 inGreen Bay. Writerse at Esquire said in the July issue that the Taurue SHOis “an affordable American sedan that benchmarks not the Chevg Impala or Hyundai Sonata but the Audi AG and BMW The Taurus SHO, which stands for Super High retails for about $38,000 and includes a 3.5-liter turbo V-6 engine. The 2008 Tauruse features an entirely new exterior andinteriofr design, Angie Kozleski, ’s car communications manager, said in an intervieww Wednesday.
The engine is built at a Ford planfin Cleveland; the car is assemblede at Ford’s Chicago plant. Ford executives decided to re-introducee the Taurus name, which had been retired in favor ofthe “500,” because of the brand equity, Kozleskiu said. “It’s important to use she said. “We view it as our flagshilp sedan.” The new Taurud will arrive on dealer lots in but customerscan pre-order the vehicle now and receive a $500 pre-order incentive, said John the manager of Uptown Ford Lincoln Mercury.
The base modepl Taurus price startsat $25,995 and the SHO starts at The Taurus is the third restylefd Ford to hit dealer showroomes this year following the Fusion and the Mustang, Pentlerr said. Still to come later this year isa seven-passengee crossover called the Lincoln MKT. Althoug the new-vehicle market is suffering through a historically bad year and two America n automakers have filedfor bankruptcy, Ford executivee note that their products have gainedx market share in six of the past seven Kozleski said.
Ford has benefited not only from the positive PR of not receiving government money but also from positive reviews of itsnew “You can really attribute that to the new productz we’ve been offering,” she said. “We’re hitting the market at a difficulg time but if you look at theproducgt lineup, the consumer is noticing the quality and safety and fuel
Saturday, August 11, 2012
Wells Fargo to create 200 jobs in San Antonio - Washington Business Journal:
uvepexatawus.blogspot.com
The mortgage lender will be hosting a job fairon Thursday, June 4 at the Wachoviw offices at 4101 Wiseman Blvd. The job fair will be held from 2 to8 p.m. Wellsa Fargo will be hirin full-time mortgage servicing positions inboth loan-applicatiomn processing and default/retention. Customer servics representatives will work with customers who are facing delinquent payments and will discuszspayment options. The company will also hire positions that do not deal directluy withthe public. Applicants are asked to bringt their resumes and be prepared for apossibled interview. Candidates are encouraged to appluy online before the job fair and have an established employmenrtprofile ready.
A listing of job openings can be foundx online at wellsfargo.com/careers. Helehn Bow, spokeswoman for Wells Fargo says San Antoniol was selected for the additional jobs fortwo “We do have that wonderful center from the Wachovia acquisition and there is greatt talent in that market.” Wells Fargo Home Mortgagr is one of the nation’s leading retail mortgage lenderzs and services one of every six mortgage loans in the A division of Wells Fargo N.A., it has a national presence in mortgaged stores and banking stores, and also serves the home financingt needs of customers nationwide througg its call centers, Internet presence and third-partyh production channels.
(NYSE: WFC) is a diversified financia l services companywith $1.3 trillion in It provides banking, insurance, investments, mortgagd and consumer finance through more than 10,40 0 stores, over 12,000 ATMs and the Internetr (wellsfargo.com) across North America and internationally. The companty completed its acquisition of inDecember 2008.
The mortgage lender will be hosting a job fairon Thursday, June 4 at the Wachoviw offices at 4101 Wiseman Blvd. The job fair will be held from 2 to8 p.m. Wellsa Fargo will be hirin full-time mortgage servicing positions inboth loan-applicatiomn processing and default/retention. Customer servics representatives will work with customers who are facing delinquent payments and will discuszspayment options. The company will also hire positions that do not deal directluy withthe public. Applicants are asked to bringt their resumes and be prepared for apossibled interview. Candidates are encouraged to appluy online before the job fair and have an established employmenrtprofile ready.
A listing of job openings can be foundx online at wellsfargo.com/careers. Helehn Bow, spokeswoman for Wells Fargo says San Antoniol was selected for the additional jobs fortwo “We do have that wonderful center from the Wachovia acquisition and there is greatt talent in that market.” Wells Fargo Home Mortgagr is one of the nation’s leading retail mortgage lenderzs and services one of every six mortgage loans in the A division of Wells Fargo N.A., it has a national presence in mortgaged stores and banking stores, and also serves the home financingt needs of customers nationwide througg its call centers, Internet presence and third-partyh production channels.
(NYSE: WFC) is a diversified financia l services companywith $1.3 trillion in It provides banking, insurance, investments, mortgagd and consumer finance through more than 10,40 0 stores, over 12,000 ATMs and the Internetr (wellsfargo.com) across North America and internationally. The companty completed its acquisition of inDecember 2008.
Friday, August 10, 2012
Space City Credit Union branches out from roots - Houston Business Journal:
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will establish a branch in early July on the groundc floor of an offices tower inside the 610 Loop nearPost Oak. Spacer City was chartered in 1965 to serve employeee of oil and gas industry equipmentmanufacturer LLC. The crediyt union shifted around several downtown location s with the company before moving to its currenr headquarters on Harrisburg Boulevardin 1999. Craig Space City president and CEO, says the credit unio had been looking to open another office for several but waited to find the right Rohden notes that Space City alreadgyserves Houston-area employees of General Electric Co., and the new branchg at 1233 West Loop Southu is also home to , making the move a logica l fit.
The credit union also has a small two-persoh office inside a GE Energy plant on the Houston Ship Channeo that serves morethan 1,000 employees on site. GE in fact, was once owned by Stewart Stevenson. Space City received regulatory approvalp fora “community” charter in allowing the credit union to serve any customer within 10 miles of its headquarters. In addition, the crediy union is tied in to a network of about 70 other rivapl credit union branches in the region so customers can accesds accounts atany location.
The community chartert will apply to thenew branch, which was anothetr factor in choosing the West Loop Rohden notes about 1,200 people are employed in the two mirror-image officer towerd owned by Dallas-based The new branch will include two drive-throughg lanes and an ATM, with an ATM to be installed in the adjacenft tower at 1333 West Loop South, Rohden “We’ll be marketing to tenants in both buildingsd and the general public aroundf the Galleria area within the perimeteer of the branch,” he says. “Our community chartefr pretty much covers everything inside Beltwa 8to downtown.
” A spate of start-ul banks and other regional players have openede for business in Houstom this year looking to grab small busineszs customers away from the biggerr banks. Still, Rohden says Space City’s decisioj to expand had nothing to do with the shiftinb tide within the overalp financialservices industries, considering the credit union markets to not business customers. Unlike banks, creditt unions are owned by theircustomers — rathefr than outside shareholders — and in essence operate as not-for-profigt entities. Any profits are folded back intoequityt capital.
Dan Bass, managing director with investment bankers, agrees that credir unions like SpaceCity won’t have much impact on small communitu banks, but are targeting retail customers that migh t be willing to switch from big national “Like the bigger banks, credit unions are trying to get retaik traffic through the door, and are focusingh on finding the rightt location. They have low costs so it maked a lot of sense for them todo that,” Bass Space City, which has 18 now represents 5,326 members in 25 statese after widening its reach in the 1980s.
The creditf union has more than 70 custometr companies inthe region, with about 75 percengt of its membership in the Houston The credit union had two employees and assets of about $4 millio when Rohden came on board in 1994. Filing s with the , whicy oversees the industry, show how Space City currently stack up in thefinancial sector. • The credirt union had outstanding loansof $19 millionj and deposits of just undet $23 million in the first with net income of $18,753 after postin g a loss of $335,376 in the fourtuh quarter of 2008.
will establish a branch in early July on the groundc floor of an offices tower inside the 610 Loop nearPost Oak. Spacer City was chartered in 1965 to serve employeee of oil and gas industry equipmentmanufacturer LLC. The crediyt union shifted around several downtown location s with the company before moving to its currenr headquarters on Harrisburg Boulevardin 1999. Craig Space City president and CEO, says the credit unio had been looking to open another office for several but waited to find the right Rohden notes that Space City alreadgyserves Houston-area employees of General Electric Co., and the new branchg at 1233 West Loop Southu is also home to , making the move a logica l fit.
The credit union also has a small two-persoh office inside a GE Energy plant on the Houston Ship Channeo that serves morethan 1,000 employees on site. GE in fact, was once owned by Stewart Stevenson. Space City received regulatory approvalp fora “community” charter in allowing the credit union to serve any customer within 10 miles of its headquarters. In addition, the crediy union is tied in to a network of about 70 other rivapl credit union branches in the region so customers can accesds accounts atany location.
The community chartert will apply to thenew branch, which was anothetr factor in choosing the West Loop Rohden notes about 1,200 people are employed in the two mirror-image officer towerd owned by Dallas-based The new branch will include two drive-throughg lanes and an ATM, with an ATM to be installed in the adjacenft tower at 1333 West Loop South, Rohden “We’ll be marketing to tenants in both buildingsd and the general public aroundf the Galleria area within the perimeteer of the branch,” he says. “Our community chartefr pretty much covers everything inside Beltwa 8to downtown.
” A spate of start-ul banks and other regional players have openede for business in Houstom this year looking to grab small busineszs customers away from the biggerr banks. Still, Rohden says Space City’s decisioj to expand had nothing to do with the shiftinb tide within the overalp financialservices industries, considering the credit union markets to not business customers. Unlike banks, creditt unions are owned by theircustomers — rathefr than outside shareholders — and in essence operate as not-for-profigt entities. Any profits are folded back intoequityt capital.
Dan Bass, managing director with investment bankers, agrees that credir unions like SpaceCity won’t have much impact on small communitu banks, but are targeting retail customers that migh t be willing to switch from big national “Like the bigger banks, credit unions are trying to get retaik traffic through the door, and are focusingh on finding the rightt location. They have low costs so it maked a lot of sense for them todo that,” Bass Space City, which has 18 now represents 5,326 members in 25 statese after widening its reach in the 1980s.
The creditf union has more than 70 custometr companies inthe region, with about 75 percengt of its membership in the Houston The credit union had two employees and assets of about $4 millio when Rohden came on board in 1994. Filing s with the , whicy oversees the industry, show how Space City currently stack up in thefinancial sector. • The credirt union had outstanding loansof $19 millionj and deposits of just undet $23 million in the first with net income of $18,753 after postin g a loss of $335,376 in the fourtuh quarter of 2008.
Thursday, August 9, 2012
The Wisconsin Tragedy: What the Gunman's Neighbor Saw - TIME
oryucyjofec1482.blogspot.com
TIME | The Wisconsin Tragedy: What the Gunman's Neighbor Saw TIME Her new neighbor showed up with his belongings packed into two large garbage bags. His name was Wade Michael Page. Last weekend, Page left a path of destruction at the sprawling Sikh temple â€" or gurdwara â€" in the Milwaukee suburb, leaving six ... |
Tuesday, August 7, 2012
Bromptons at Cherrydale will deliver or be torn down - Washington Business Journal:
meaning-sarajevo.blogspot.com
Either way, Ed Peete will be shellinbg outbig bucks. He is owner of the mixec townhouse-condominium and retail at the corner of North Quincyu Street andLee Highway. On Tuesday the approved an agreement withPeete -- head of the development firm -- that require s him to repair and finish the buildinf within the next year or he will have to pay for its Because of engineering flaws, like beams and walla showing signs of stress and bending, the county issued a stop-work order on the buildingy in 2006.
A developer in the Washington regionsince 1987, Peete jumpecd into the condo market in 2002 and starterd five projects -- the Zoso, Bromptond at Cherrydale, the Bromptonzs II at Monument Place, the Joule and Io Piazzza in Shirlington. The single-family homes and townhousea that were part of the Bromptons at Cherrydales projectwere finished, but the mixed-uss building was not and currently servex as a vacant, skeletal eyesore. After settling lawsuitsx against its engineerslast year, Peete has gone back and forthy in deciding whether to fix the Bromptons at Cherrydals or topple it and stary over.
Under the county’s settlement agreement, he will have a shorrt time frame to decide whatto do, Under the agreement, Peetr will bring the site plan up to code and proceed with repaifr and redesign by a certain deadline, or the county will have the greebn light to raze the building. Peete will pay for the demolitiomn process if he chooses to start fromscratcbh -- or to clear the site if the buildingb is not finished on time next He will set aside $250,000 to covere a demolition process, if needed.
Accordingb to Stephen MacIsaac, county attorney, bulldozerss will not be necessary if all phases of the projecft are completed over the next Peete plans to keep in place the existing said MacIsaac, and start on some exterior-type repairse next month like putting in the curbs, gutters and trees and proceee with internal structural repairs for walls and The finished building is expected to consisf of condos and ground-floorr retail.
Either way, Ed Peete will be shellinbg outbig bucks. He is owner of the mixec townhouse-condominium and retail at the corner of North Quincyu Street andLee Highway. On Tuesday the approved an agreement withPeete -- head of the development firm -- that require s him to repair and finish the buildinf within the next year or he will have to pay for its Because of engineering flaws, like beams and walla showing signs of stress and bending, the county issued a stop-work order on the buildingy in 2006.
A developer in the Washington regionsince 1987, Peete jumpecd into the condo market in 2002 and starterd five projects -- the Zoso, Bromptond at Cherrydale, the Bromptonzs II at Monument Place, the Joule and Io Piazzza in Shirlington. The single-family homes and townhousea that were part of the Bromptons at Cherrydales projectwere finished, but the mixed-uss building was not and currently servex as a vacant, skeletal eyesore. After settling lawsuitsx against its engineerslast year, Peete has gone back and forthy in deciding whether to fix the Bromptons at Cherrydals or topple it and stary over.
Under the county’s settlement agreement, he will have a shorrt time frame to decide whatto do, Under the agreement, Peetr will bring the site plan up to code and proceed with repaifr and redesign by a certain deadline, or the county will have the greebn light to raze the building. Peete will pay for the demolitiomn process if he chooses to start fromscratcbh -- or to clear the site if the buildingb is not finished on time next He will set aside $250,000 to covere a demolition process, if needed.
Accordingb to Stephen MacIsaac, county attorney, bulldozerss will not be necessary if all phases of the projecft are completed over the next Peete plans to keep in place the existing said MacIsaac, and start on some exterior-type repairse next month like putting in the curbs, gutters and trees and proceee with internal structural repairs for walls and The finished building is expected to consisf of condos and ground-floorr retail.
Monday, August 6, 2012
Open Road Media Forms Digital Publishing Partnership With BlogHer ... - MarketWatch (press release)
belyaevostapuki.blogspot.com
Open Road Media Forms Digital Publishing Partnership With BlogHer ... MarketWatch (press release) BlogHer joins Open Road's Publishing Partners program, which includes eBooks featuring content from ProPublica, Esquire, Cosmopolitan and Seventeen. A committee chose the 110 honorees from 1687 submissions in the categories Heart, Humor, Identity, ... |
Nine tips for taming text in Pages Macworld Every paragraph with that style is updated with the new formatting. Character formatting is similarâ€"just be sure you've highlighted the formatted text before Control-clicking the style name in the Styles Drawer. Defining a new style from scratch is ... |
Friday, August 3, 2012
Dan Snyder stays at Six Flags under reorganization - Baltimore Business Journal:
ramsburgsyuheo1544.blogspot.com
Six Flags is also seeking a $600 million secured by its assets, and $150 millioh in a new revolvingcredit line. The company’zs executive retention plan would keep Snydefr as board memberand chairman. Mark Shapiro, currently chief executive, as well as chiec financial officer Jeffrey Speed and severakl other top management would also stay on in executive Six Flags, which announced its Chaptere 11 bankruptcy filing over the weekend, listed $2.4 billion in debt and $3 billioj in assets. It hopes to cut debt by $1.8 billiomn and wipe out more than $300 million in preferrerd stock.
Snyder and his management who took control of the theme park operator three and a halfyears ago, have not been able to return the company to profitability, despite increasing attendance and sellinf several parks to raise capital last year. The companyu reported a $146 million first quartef loss. Six Flags has said its reorganizatiojn will not affect park operations and its vendors and employeesx will continue tobe paid. Six Flags 20 theme parks includein Largo.
Six Flags is also seeking a $600 million secured by its assets, and $150 millioh in a new revolvingcredit line. The company’zs executive retention plan would keep Snydefr as board memberand chairman. Mark Shapiro, currently chief executive, as well as chiec financial officer Jeffrey Speed and severakl other top management would also stay on in executive Six Flags, which announced its Chaptere 11 bankruptcy filing over the weekend, listed $2.4 billion in debt and $3 billioj in assets. It hopes to cut debt by $1.8 billiomn and wipe out more than $300 million in preferrerd stock.
Snyder and his management who took control of the theme park operator three and a halfyears ago, have not been able to return the company to profitability, despite increasing attendance and sellinf several parks to raise capital last year. The companyu reported a $146 million first quartef loss. Six Flags has said its reorganizatiojn will not affect park operations and its vendors and employeesx will continue tobe paid. Six Flags 20 theme parks includein Largo.
Thursday, August 2, 2012
Hurricane could devastate shaky real estate market - Orlando Business Journal:
sucujovide.wordpress.com
But a far larger threa t looms with the start of hurricane seasohnext week. The nightmar e scenario is a major storm that sweeps across a region pocked with forecloserreal estate, leaving the neglected property in empty of responsible homeowners. Nobody knows how big the problejmight be, but with hundreds of thousands of empty propertiesz in the state, it couldx be huge. Banks holding foreclosed real estated and defaulted loans said they have plansa in place to move in with boards and tarps to coverr broken windows andshredded roofs. But real estater experts said nobody has ever gone througb a storm with so much empty property hanginv inthe balance.
“Florida is livinb with a huge saidJack McCabe, president of in Deerfield “There are 400,000 foreclosures in the state righr now. We have condominiums that are half-built and otherz that are 10 [percent] or 20 percentt occupied. All you have to do is look at New Orleanz after Hurricane Katrina to imagine whatmight happen.” After Katrina struck New Orleans in huge swaths of the city were destroyed when leveee broke and water inundated the city.
Large areazs are still only thinly Florida’s real estate market differs fromNew Orleans, but its large number of empty dwellings and the risingh tide of foreclosures poses a unique According to the , 21,900 of Orangw County’s 491,000 dwellings were empty for more than three months in Statewide, 365,000 of 9.1 millionn homes were vacant. Estimating the valure of that property is nearly since it’s a mixture of foreclosed homes, never-sold dwellings and simplyt unoccupied real estate. This bad dream is filled with Larger banks typically have departments that manage foreclosed property and have contracts withmaintenance companies.
Their main financiapl motive is keeping property in good repairr so it can be resold for a reasonable But real estate prices have fallen so low in many market that the cost of repairing a heavily damaged housew might be greater than itsresale value. And if emergencg repairs aren’t undertaken rightt after a storm, the subsequent damage from wind, rain and mold couldc add substantially to therehabilitation cost. Althougg banks have plans for dealingy withnatural disasters, few are well-equippesd to respond to a devastating storm. “The lenders have cut way back ontheirr staffs,” McCabe said.
“Anybody who thinks they have the abilityy to meet with insurance companied and go out to houses to assess damages isdeludint themselves.” The problem is compounded by the sheer number of Some mortgage brokers and banks that hold loans in Florida don’t have offices here — or have dire financiapl problems of their own. “Most banks don’t have people familiar with these sorts of saidPeter Brennan, vice president of J. Rolfe Davis, an Orlandp insurance agency. “Most bankers don’t know what to do when a roof gets blownb offa house.
” However, Fifth Thirf Bank, Central Florida’s 12th-largest lender, has retained two property maintenance firms to inspect and repaidr its property. The bank has fewer than 300 foreclosesd Florida properties onits books. “Oncs an asset becomes ours and is we do anything we can to preservdthe property. If we suspect from a leaky pipe to aleaky roof, we fix said Michele McCoy, Fifth Third’sx vice president for default servicing. Orange County Property Appraise r Bill Donegan said there areabout 3,6090 foreclosed properties worth about $522 milliobn in Orange County, and of those, 1,209 have been resold.
“My assumption is the banks and managemenrt companies would swoop in aftere a hurricane andmake repairs,” Donegan Most banks also insure foreclosed properties. “I don’t think there’s a majorf issue related to insurance coverage,” said Tom TerBeck, senio r credit officer with . I wouldn’t say everybody in the industryu is ready fora hurricane.” Years of disrepair ahead?? Ken Direktor, a real estate attorney with the law firm, said anyonr who thinks a hurricane in an urba n part of Florida would play out like past hurricanes is “Banks are delaying foreclosures on properties becauswe they don’t want to be responsibl for them.
”
But a far larger threa t looms with the start of hurricane seasohnext week. The nightmar e scenario is a major storm that sweeps across a region pocked with forecloserreal estate, leaving the neglected property in empty of responsible homeowners. Nobody knows how big the problejmight be, but with hundreds of thousands of empty propertiesz in the state, it couldx be huge. Banks holding foreclosed real estated and defaulted loans said they have plansa in place to move in with boards and tarps to coverr broken windows andshredded roofs. But real estater experts said nobody has ever gone througb a storm with so much empty property hanginv inthe balance.
“Florida is livinb with a huge saidJack McCabe, president of in Deerfield “There are 400,000 foreclosures in the state righr now. We have condominiums that are half-built and otherz that are 10 [percent] or 20 percentt occupied. All you have to do is look at New Orleanz after Hurricane Katrina to imagine whatmight happen.” After Katrina struck New Orleans in huge swaths of the city were destroyed when leveee broke and water inundated the city.
Large areazs are still only thinly Florida’s real estate market differs fromNew Orleans, but its large number of empty dwellings and the risingh tide of foreclosures poses a unique According to the , 21,900 of Orangw County’s 491,000 dwellings were empty for more than three months in Statewide, 365,000 of 9.1 millionn homes were vacant. Estimating the valure of that property is nearly since it’s a mixture of foreclosed homes, never-sold dwellings and simplyt unoccupied real estate. This bad dream is filled with Larger banks typically have departments that manage foreclosed property and have contracts withmaintenance companies.
Their main financiapl motive is keeping property in good repairr so it can be resold for a reasonable But real estate prices have fallen so low in many market that the cost of repairing a heavily damaged housew might be greater than itsresale value. And if emergencg repairs aren’t undertaken rightt after a storm, the subsequent damage from wind, rain and mold couldc add substantially to therehabilitation cost. Althougg banks have plans for dealingy withnatural disasters, few are well-equippesd to respond to a devastating storm. “The lenders have cut way back ontheirr staffs,” McCabe said.
“Anybody who thinks they have the abilityy to meet with insurance companied and go out to houses to assess damages isdeludint themselves.” The problem is compounded by the sheer number of Some mortgage brokers and banks that hold loans in Florida don’t have offices here — or have dire financiapl problems of their own. “Most banks don’t have people familiar with these sorts of saidPeter Brennan, vice president of J. Rolfe Davis, an Orlandp insurance agency. “Most bankers don’t know what to do when a roof gets blownb offa house.
” However, Fifth Thirf Bank, Central Florida’s 12th-largest lender, has retained two property maintenance firms to inspect and repaidr its property. The bank has fewer than 300 foreclosesd Florida properties onits books. “Oncs an asset becomes ours and is we do anything we can to preservdthe property. If we suspect from a leaky pipe to aleaky roof, we fix said Michele McCoy, Fifth Third’sx vice president for default servicing. Orange County Property Appraise r Bill Donegan said there areabout 3,6090 foreclosed properties worth about $522 milliobn in Orange County, and of those, 1,209 have been resold.
“My assumption is the banks and managemenrt companies would swoop in aftere a hurricane andmake repairs,” Donegan Most banks also insure foreclosed properties. “I don’t think there’s a majorf issue related to insurance coverage,” said Tom TerBeck, senio r credit officer with . I wouldn’t say everybody in the industryu is ready fora hurricane.” Years of disrepair ahead?? Ken Direktor, a real estate attorney with the law firm, said anyonr who thinks a hurricane in an urba n part of Florida would play out like past hurricanes is “Banks are delaying foreclosures on properties becauswe they don’t want to be responsibl for them.
”
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